The specialized in private online fashion sales, showroomprive grows in sales achieving almost 241 million euros, and now Showroomprive buy Saldiprivati to Banzaithe first e-commerce platform in Italy, according to a report after announcing the company’s results.
Showroomprive grows 20.5% in sales in the first half
In the statement, the platform announced that it has increased its sales reaching 240.3 million euros, 20.5% in the first semester in relation to the same period of the previous year. The company stressed that the semester has been carried out by a growth in all business indicatorsnoting an increase in the number of members, buyers, orders and average basket per buyer that rose 5%.
The margin of EBITDA (gross operating profit) grew by nearly 28 percenthas reached €15.7 million with an Ebitda margin that represents 6.6 percent of income. This indicates a significant increase compared to the first half of 2015.
The Co-Founders and Co-CEOs of Showroomprive, Thierry Little Y David Dayanpointed out that the good performance of this first semester allows them to “confirm your goals” In this year they estimate to end with sales between 525 to 555 million euros, which would mean an increase from 19% to 25%
«Our international operations are in in line with our roadmap with an already significant improvement in profitability and acquisition prospects. We continue to focus our strategy on innovation and quality, with the aim of constantly improving the functionality of the website, as well as payment and delivery options.» pointed out the directors.
To continue its multi-local international development, it launched infinity and buy multi basket in Spain and Portugal, reinforcing the commitment with its partners and preparing the ground for the international growth “profitable and sustainable in the medium term”.
Showroomprive negotiates to buy Saldiprivati to continue its growth
By acquiring Saldiprivati from Banzai, Showroomprive would strengthen one of its key markets internationally and could have a strong growth potential versus the next few years.
This negotiation is already advanced, but is still subject to certain conditions and negotiations end of the contract, meanwhile, Banzai granted Showroomprive a period of exclusiveness until September 30 of this year, hoping to negotiate the sales documentation by then.
Saldiprivati has more than two million registered users and its sales amount to more than two million products every year, and is the number two pure player in flash sales in Italy by volume of business offering fashion, footwear and accessories.
“The acquisition of Saldiprivati represents an important step in the development of showroomprive in Italy, one of the key international markets with strong growth potential for the coming yearss” The French company explained in the statement.
Although not in every way Showroomprive grows, since its benefit was reduced by 86.1%, reaching 700,000 euros, this fall in its net result is due to the expenses related to the IPO and restructuring costs.
Now that you know that Showroomprive is serious about buying Saldiprivati, what do you think will happen? Is it big enough to hurt Venteprivée?
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